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Tunisia: “Best Lease” to be traded soon

” Best Lease,” the only operator on the Islamic leasing market in Tunisia, specializing in furniture and real estate investments for professional use, is preparing its IPO.

The Board of Directors of the Tunis Stock Exchange had agreed in principle at its meeting on June 25, 2013, for admission to the main market on the stock exchange of 20 million shares constituting the current capital of “Best Lease” and 10 million new shares to be issued in connection with the capital increase for a total of 30 million shares, for a nominal dinar each.

The public offering will involve 10 million shares, representing 33.33% of the capital after increase, according to the site of the Tunis Stock Exchange.

The opening of the tender offer and the final admission are dependent on making available to the general public of an offering and listing prospectus referred by the Financial Market Council (CMF).

The same source indicated that the listing operation is controlled through the introducer “BNA capital.”

Note that the activity of the company “Best Lease” was consolidated with funding of 84.5 million dinars (MTD) in 2012, which allowed it to gain market that rose from 3 6% in 2009 to 6.1 in 2012.


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